Weak Start to California Home Buying Season?

A recent article suggests that the home-buying season in Southern California is off to a weak start. The article cites data provided by Metrostudy, a real-estate information firm in Riverside.

An excerpt of the article:

Metrostudy, a real-estate information firm based in Riverside, reported 5,414 new home sales in Riverside and San Bernardino Counties in the first quarter of this year, a 50 percent decline from the same period a year ago. – Source

Will San Diego real estate react in a similar way? That has yet to be determined. San Diego does have the “coastal” factor going for it, so real estate trends are often different than those from inland cities. But you’ll hear about it here first!